Wanchain joins hands with Kronos

22 Aug, 2018
by Matthew Kim
News
Wanchain joins hands with Kronos

Wanchain announced its new partnership with KronosToken today. Wanchain stated that the partnership will aid its mission to “expand and rebuild financial services based on blockchain technology.

Kronos is a financial platform that gives average investors the ability to utilize elite trading strategies used by traditional fund managers. According to its own website, Kronos seeks to “tokenize the best hedge fund strategies in an innovative two-token system”. Ultimately, its goal is to change the rules of traditional finance by allowing everyone to access the best trading strategies only practiced by elite funds through the use of smart contracts. The project still remains in its early stages of development, expecting to launch its two-token system in 2019.

Wanchain, on the other hand, is a top 100 token currently standing at number 71 in terms of market capitalization. Its blockchain ecosystem “enables the exchange of digital assets between blockchains with privacy protection and cross-chain smart contracts”. Their token, Wancoin, is currently priced at $0.93 at the time of writing with a 12% increase in the last 24 hours.

Although their medium post announcement did not explicitly state how the collaboration will help the two projects, Wanchain asserts that Kronos will be a “valuable partner”.  

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